Mainboard-listed Informatics Education, the education and training service provider in Asia, says net profit fell 9% to $4 million for the financial year ended 31 March 2010 (FY2010) from $4.4 million last year (FY2009).

The group also recorded a 10% fall in revenue of $39.2 million compared to $43.6 million the previous year led by the continuing consolidation and streamlining in operations.

The group reported a full-year profit before tax of $2.9 million compared with $4.7 million last year. Much of the decrease was due to the absence of a $3.6 million write-back provision for training materials in the previous year.

However, further improvements in operational efficiency generated significant savings in staff cost of $3.8 million and operating lease and depreciation of $1.1 million, which contributed to the pre-tax profit.